Loan Limit	Loan Period	Interest Rate
Up to 50% of valuation, max ₹40,00,000	120 equal monthly instalments	13%

Features / Benefits

• 50% of valuation or a maximum of ₹40 lakh, whichever is lower.
• No prepayment fee if the loan is repaid early.
• Loan security insurance policy.
• EMI facility available.
• Repayment via daily deposits, cheques, or ECS.

Eligibility

• Applicant must be a member of the organization.
• Sufficient income to repay the loan.
• Two competent landlord members as guarantors (not from the same family).
• Maximum of two loans per member.
• Borrower bears registration, stamp duty, and other costs.
• Active transactions on the savings account.

Required Documents

• Last 3 years’ salary slips/income certificate/ITR for applicant & guarantors (CA-certified).
• Recent photographs of applicant & guarantors.
• KYC: Aadhaar, PAN, electricity bill, ration card (applicant & guarantors).
• Last 6 months’ bank statements (applicant & guarantors).
• All chain documents from primary purchase to sale of the house.
• Construction completion certificate, occupancy certificate, architect’s plan, possession receipt.
• Certified copy of society/apartment/housing society registration certificate.
• Original share certificate of the society, NOC from society/builder.
• Original receipts for amounts paid towards house purchase; original share certificate from the housing society.
• Electricity bills, maintenance receipts, property tax and other tax receipts for the mortgaged property.
• Title report & search report; property valuation by the organization’s authorized valuer.